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Bernstein reiterates Chipotle at outperform and raises target by US$400 to US$3,200, expects strong 2024 and boosts prediction of same-store sales growth to 7%; average sales per restaurant could top US$4M within five or six years, up from US$3M in 2023

Executive Perspective: Chipotle is planning to use an avocado peeling robot to give customers consistent portions, CEO says

Deutsche Bank maintains Chipotle's buy rating and raises target to US$3,300 following company's plan for historic 50-for-1 stock split; analyst cites strong pricing power and consistent increases in customer visits as 'fundamental strength'

Chipotle's stock breaches US$3,000 mark for the first time on record, rising as much as 8% on March 20 after company's board approved a 50-for-1 stock split as it looks to make the stock less expensive for potential investors

CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT

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